Total credit card spending in New Zealand jumped a seasonally adjusted 1.3 percent on month in March, the Reserve Bank of New Zealand said on Wednesday - coming in at NZ$3.062 billion.
That was up sharply from the upwardly revised 0.4 percent increase in February (originally 0.3 percent).
An index monitoring manufacturing activity in China posted a score of 48.3 in April, the latest survey from HSBC and Markit Economics revealed on Wednesday. That was in line with forecasts and up from 48.0 in March - although the index remains below the boom-or-bust score of 50 that separates expansion in a sector from contraction. The manufacturing output index saw a score of 48.0 in April.
Consumer prices in Australia collected 0.6 percent on quarter in the first quarter of 2014, the Australian Bureau of Statistics said on Wednesday.
That was weaker than forecasts for 0.8 percent, which would have been unchanged from the previous three months.
The most significant price rises this...
Existing home sales in the U.S. showed a modest decrease in the month of March, according to a report released by the National Association of Realtors on Tuesday, although the annual rate of sales still came in above economist estimates. The report said existing home sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February.
The People's Bank of China on Tuesday said it will lower the share of deposits that rural lenders need to set aside as cash with central bank. The bank said the reserve requirement ratio for rural commercial banks will be reduced by 2 percent points, effective Friday. The RRR for rural cooperative banks was reduced by 0.5 percentage point.
A leading economic index for Australia added 0.3 percent on month in February, the Conference Board said on Tuesday - coming in at 128.6.
That follows the 0.2 percent gain in January, and it marks the 17th straight month of gain.
The leading index saw upward revisions as actual data for money supply,...
Leading U.S. economic indicators showed continued improvement in the month of March, according to a report released by the Conference Board on Monday, with the leading economic index rising by slightly more than expected. The Conference Board said its leading economic index rose by 0.8 percent in March after climbing by 0.5 percent in February.
The dollar was narrowly mixed in quiet dealing versus other majors on Thursday, as traders got a head start on the Easter holiday.
There was little reaction to the day's economic news, including a slightly downbeat reading on the U.S. jobs sector.
The dollar was steady at $1.3812 versus the euro,...
Growth in Philadelphia-area manufacturing activity has accelerated by much more than anticipated in the month of April, according to the results of the Federal Reserve Bank of Philadelphia's Business Outlook Survey released on Thursday. The Philly Fed said its diffusion index of current activity climbed to 16.6 in April from 9.0 in March, with a positive reading indicating growth.
After reporting initial jobless claims at their lowest level in almost seven years in the previous week, the Labor Department released a report on Thursday showing that claims rebounded slightly in the week ended April 12th. The Labor Department said initial jobless claims inched up to 304,000, an increase of 2,000 from the previous week's revised level of 302,000.
The dollar strengthened against the yen on Wednesday as the Bank of Japan hinted they will take measures to weaken their currency by this summer.
Hopes for monetary easing in Japan helped the dollar to Y102.30, with the buck snapping back after touching a monthly low.
Traders also considered a...
Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month. The report said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February.
Housing starts in the U.S. showed a notable increase in the month of March, according to a report released by the Commerce Department on Wednesday, although starts still came in well below economist estimates. The report showed that housing starts climbed 2.8 percent to an annual rate of 946,000 in March from the revised February estimate of 920,000.
The U.K. unemployment rate fell below the 7 percent threshold to a five-year low in February and average earnings finally moved above inflation reducing the squeeze on household finances. The jobless rate came in at 6.9 percent of the labor force, the lowest since February 2009, data from the Office for National Statistics showed Wednesday.
The pound rose sharply against other major currencies in European morning deals on Wednesday as the nation's unemployment rate declined below the '7 percent threshold' during three months to February, underscoring the stronger recovery seen in the labor in recent months.
The data from the Office for...